Academy of Interdisciplinary Studies Division of Environment and Sustainability 202 Division of Environment and Sustainability Game-theoretic Analysis of Markets Supervisor: CHAN, Keith / ENVR Student: CHAWLA, Anhad Singh / SUSE Course: UROP1100, Fall Increasing Renewable Energy (RE) contribution to the electricity mix and decarbonisation concerns are increasing the use of gas and making electricity prices more expensive and volatile. Grid interconnections have been proposed by the EU commission to increase security of supply and boost RE adoption. An in-depth literature review reveals several techno-economic studies agreeing on significant system-level or aggregate benefits due to interconnections but uneven re-distribution of surplus among different countries and stakeholders. We constructed an economic model to analyse the impact of electricity system characteristics like residual electricity demand and marginal cost of electricity to the price volatility of two countries following interconnection. Finally, we use these characteristic variables to provide policy recommendations for interconnection project prioritisation and optimisation. Game-theoretic Analysis of Markets Supervisor: CHAN, Keith / ENVR Student: CHEUNG, Chun Bon / EVMT Course: UROP1100, Fall UROP2100, Spring The G20 has highlighted the urgency and importance of financing transition. Investors however lack a systematic framework to assess the incentive-compatibility (credibility) of net zero transition pathways of businesses. As such, negative screening based on current GHG emissions and even sectors is still a dominant investment strategy. In response, this paper adopts mixed methods of economic modelling and semistructured interviews to study factors behind a credible transition pathway. This report provides an insight of the market approach of assessing transition risk and related literature review. Afterward, I evaluated my role and lesson learned in the project.
RkJQdWJsaXNoZXIy NDk5Njg=